{"id":31556,"date":"2023-12-07T10:48:53","date_gmt":"2023-12-07T10:48:53","guid":{"rendered":"https:\/\/masterskills.org\/blog\/quyen-chon-co-phieu-stock-options-la-gi-dac-diem.html"},"modified":"2023-12-23T08:24:02","modified_gmt":"2023-12-23T01:24:02","slug":"quyen-chon-co-phieu-stock-options-la-gi-dac-diem","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/quyen-chon-co-phieu-stock-options-la-gi-dac-diem.html","title":{"rendered":"Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu (Stock Options) l\u00e0 g\u00ec? \u0110\u1eb7c \u0111i\u1ec3m"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda (Ngu\u1ed3n: Red Hut)<\/i><\/p>\n<\/div>\n<\/div>\n

Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu (Stock Options)<\/font><\/b><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu<\/b> trong ti\u1ebfng Anh g\u1ecdi l\u00e0\u00a0Stock Options<\/b>.<\/p>\n

Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu<\/b> l\u00e0 nh\u1eefng h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf v\u1edbi t\u00e0i s\u1ea3n c\u01a1 s\u1edf l\u00e0 m\u1ed9t c\u1ed5 phi\u1ebfu \u0111\u01a1n l\u1ebb. V\u1ec1 m\u1eb7t kh\u00e1i ni\u1ec7m, quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu \u0111\u01a1n l\u1ebb \u0111em l\u1ea1i cho ng\u01b0\u1eddi n\u1eafm gi\u1eef quy\u1ec1n, ch\u1ee9 kh\u00f4ng ph\u1ea3i ngh\u0129a v\u1ee5, mua ho\u1eb7c b\u00e1n m\u1ed9t c\u1ed5 phi\u1ebfu c\u1ee5 th\u1ec3 v\u1edbi s\u1ed1 l\u01b0\u1ee3ng nh\u1ea5t \u0111\u1ecbnh \u1edf m\u1ee9c gi\u1ea3 x\u00e1c \u0111\u1ecbnh v\u00e0o ho\u1eb7c tr\u01b0\u1edbc m\u1ed9t th\u1eddi \u0111i\u1ec3m \u0111\u00e3 bi\u1ebft trong t\u01b0\u01a1ng lai.<\/p>\n

Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu <\/b>cho ph\u00e9p nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1t \u0111\u01b0\u1ee3c nh\u1eefng m\u1ee5c \u0111\u00edch kh\u00e1c nhau d\u1ef1a tr\u00ean k\u00ec v\u1ecdng c\u1ee5 th\u1ec3 v\u1ec1 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 c\u1ee7a c\u1ed5 phi\u1ebfu c\u01a1 s\u1edf.\u00a0<\/p>\n

Ch\u1eb3ng h\u1ea1n, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 b\u1ea3o v\u1ec7 (danh m\u1ee5c) c\u1ed5 phi\u1ebfu m\u00ecnh \u0111ang n\u1eafm gi\u1eef tr\u01b0\u1edbc nguy c\u01a1 gi\u00e1 c\u1ed5 phi\u1ebfu gi\u1ea3m tr\u00ean th\u1ecb tr\u01b0\u1eddng, \u1ed5n \u0111\u1ecbnh gi\u00e1 mua c\u1ed5 phi\u1ebfu trong t\u01b0\u01a1ng l\u1ea1i \u1edf m\u1ee9c c\u1ed1 \u0111\u1ecbnh (th\u1ea5p h\u01a1n so v\u1edbi gi\u00e1 hi\u1ec7n h\u00e0nh khi th\u1ef1c hi\u1ec7n giao d\u1ecbch), ki\u1ebfm l\u1ee3i nhu\u1eadn t\u1eeb s\u1ef1 t\u0103ng ho\u1eb7c gi\u1ea3m gi\u00e1 c\u1ed5 phi\u1ebfu m\u00e0 kh\u00f4ng c\u1ea7n ph\u1ea3i tr\u1ef1c ti\u1ebfp mua ho\u1eb7c b\u00e1n c\u1ed5 phi\u1ebfu \u0111\u00f3.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu<\/font><\/h3>\n

Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu c\u0169ng bao g\u1ed3m c\u00e1c quy\u1ec1n ch\u1ecdn giao d\u1ecbch tr\u00ean S\u1edf giao d\u1ecbch v\u00e0 quy\u1ec1n ch\u1ecdn giao d\u1ecbch tr\u00ean th\u1ecb tr\u01b0\u1eddng OTC<\/b>.\u00a0<\/p>\n

N\u1ebfu \u1edf quy\u1ec1n ch\u1ecdn OTC, c\u00e1c \u0111i\u1ec1u kho\u1ea3n c\u1ee7a h\u1ee3p \u0111\u1ed3ng \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf linh ho\u1ea1t t\u00f9y theo nhu c\u1ea7u c\u1ee5 th\u1ec3 c\u1ee7a t\u1eebng ng\u01b0\u1eddi s\u1eed d\u1ee5ng s\u1ea3n ph\u1ea9m, n\u1ed9i dung chi ti\u1ebft c\u1ee7a h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn giao d\u1ecbch tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u00f3 t\u1ed5 ch\u1ee9c (nh\u01b0 ng\u00e0y \u0111\u00e1o h\u1ea1n, gi\u00e1 th\u1ef1c hi\u1ec7n, gi\u1edbi h\u1ea1n v\u1ecb th\u1ebf c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0…) l\u1ea1i do S\u1edf giao d\u1ecbch n\u01a1i quy\u1ec1n ch\u1ecdn \u0111\u00f3 \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft qui \u0111\u1ecbnh r\u00f5.\u00a0<\/p>\n

Nh\u1eefng kho\u1ea3n m\u1ee5c ch\u00ednh \u0111\u1eb7c tr\u01b0ng cho quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu l\u00e0<\/b>:<\/p>\n

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T\u00e0i s\u1ea3n c\u01a1 s\u1edf: <\/i>S\u1edf giao d\u1ecbch ch\u1ee9ng kho\u00e1n ph\u00e1i sinh l\u1ef1a ch\u1ecdn trong s\u1ed1 c\u00e1c c\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft tr\u00ean m\u1ed9t s\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n nh\u1eefng m\u00e3 c\u1ed5 phi\u1ebfu th\u00edch h\u1ee3p v\u00e0 \u0111\u1ee7 ti\u00eau chu\u1ea9n \u0111\u1ec3 l\u00e0m t\u00e0i s\u1ea3n c\u01a1 s\u1edf cho h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn.<\/p>\n

Qui m\u00f4 h\u1ee3p \u0111\u1ed3ng:\u00a0<\/i>T\u00f9y theo t\u1eebng s\u1edf giao d\u1ecbch, qui \u0111\u1ecbnh v\u1ec1 qui m\u00f4 h\u1ee3p \u0111\u1ed3ng c\u1ee7a quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 kh\u00e1c nhau.<\/p>\n

Gi\u00e1 th\u1ef1c hi\u1ec7n<\/i>: \u0110\u1ed1i v\u1edbi quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu, gi\u00e1 th\u1ef1c hi\u1ec7n l\u00e0 m\u1ee9c gi\u00e1 c\u1ed1 \u0111\u1ecbnh m\u00e0 ng\u01b0\u1eddi mua quy\u1ec1n ch\u1ecdn ph\u1ea3i tr\u1ea3 (n\u1ebfu l\u00e0 quy\u1ec1n ch\u1ecdn mua) ho\u1eb7c \u0111\u01b0\u1ee3c nh\u1eadn (n\u1ebfu l\u00e0 quy\u1ec1n ch\u1ecdn b\u00e1n) khi ng\u01b0\u1eddi \u0111\u00f3 th\u1ef1c hi\u1ec7n quy\u1ec1n mua ho\u1eb7c b\u00e1n c\u1ed5 phi\u1ebfu c\u01a1 s\u1edf.\u00a0<\/p>\n

Gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn \u0111\u1ed1i v\u1edbi m\u1ed9t c\u1ed5 phi\u1ebfu th\u01b0\u1eddng \u0111\u01b0\u1ee3c \u1ea5n \u0111\u1ecbnh quanh m\u1ee9c gi\u00e1 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n h\u00e0nh c\u1ee7a c\u1ed5 phi\u1ebfu \u0111\u00f3 trong ph\u1ea1m vi m\u1ed9t kho\u1ea3ng gi\u00e1 h\u1ee3p l\u00ed.<\/p>\n

V\u1edbi quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu, vi\u1ec7c so s\u00e1nh gi\u1eefa gi\u00e1 th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn v\u00e0 gi\u00e1 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n h\u00e0nh c\u1ee7a c\u1ed5 phi\u1ebfu c\u01a1 s\u1edf c\u0169ng cho nh\u00e0 \u0111\u1ea7u t\u01b0 bi\u1ebft tr\u1ea1ng th\u00e1i c\u1ee7a quy\u1ec1n ch\u1ecdn t\u1ea1i th\u1eddi \u0111i\u1ec3m \u0111\u00f3.\u00a0<\/b><\/p>\n

M\u1ed9t quy\u1ec3n ch\u1ecdn \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 \u1edf tr\u1ea1ng th\u00e1i l\u00e3i n\u1ebfu nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c mua c\u1ed5 phi\u1ebfu v\u00e0 gi\u00e1 th\u1ea5p h\u01a1n gi\u00e1 hi\u1ec7n h\u00e0nh (quy\u1ec1n ch\u1ecdn mua) ho\u1eb7c b\u00e1n c\u1ed5 phi\u1ebfu v\u1edbi gi\u00e1 cao h\u01a1n gi\u00e1 hi\u1ec7n h\u00e0nh (quy\u1ec1n ch\u1ecdn b\u00e1n) n\u1ebfu ng\u01b0\u1eddi \u0111\u00f3 th\u1ef1c hi\u1ec7n quy\u1ec1n, ng\u01b0\u1ee3c l\u1ea1i quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 \u1edf tr\u1ea1ng th\u00e1i l\u1ed7.<\/p>\n

\u1ea2nh h\u01b0\u1edfng c\u1ee7a vi\u1ec7c tr\u1ea3 c\u1ed5 t\u1ee9c v\u00e0 t\u00e1ch c\u1ed5 phi\u1ebfu<\/b>: M\u1ed9t s\u1ed1 \u0111i\u1ec1u kho\u1ea3n c\u1ee7a quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh khi di\u1ec5n ra vi\u1ec7c t\u00e1ch, g\u1ed9p c\u1ed5 phi\u1ebfu c\u01a1 s\u1edf. Ta bi\u1ebft r\u1eb1ng, t\u00e1ch c\u1ed5 phi\u1ebfu x\u1ea3y ra khi c\u1ed5 phi\u1ebfu hi\u1ec7n t\u1ea1i \u0111\u01b0\u1ee3c chia nh\u1ecf th\u00e0nh nhi\u1ec1u c\u1ed5 phi\u1ebfu, k\u1ebft qu\u1ea3 l\u00e0 gi\u00e1 c\u1ed5 phi\u1ebfu tr\u00ean th\u1ecb tr\u01b0\u1eddng gi\u1ea3m xu\u1ed1ng trong khi s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh t\u0103ng l\u00ean t\u01b0\u01a1ng \u1ee9ng.\u00a0<\/p>\n

(T\u00e0i li\u1ec7u tham kh\u1ea3o, Gi\u00e1o tr\u00ecnh Ch\u1ee9ng kho\u00e1n ph\u00e1i sinh & Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n ph\u00e1i sinh, NXB Lao \u0110\u1ed9ng)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu (ti\u1ebfng Anh: Stock Options) l\u00e0 nh\u1eefng h\u1ee3p \u0111\u1ed3ng quy\u1ec1n ch\u1ecdn \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf v\u1edbi t\u00e0i s\u1ea3n c\u01a1 s\u1edf l\u00e0 m\u1ed9t c\u1ed5 phi\u1ebfu \u0111\u01a1n l\u1ebb. Theo \u0111\u00f3, quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu c\u00f3 c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ea7n ch\u00fa \u00fd.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31556"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=31556"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31556\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}